NVIDIA Stock Holdings Slashed by Kozak & Associates Inc.
Kozak & Associates Inc., a financial institution, has reduced its stake in NVIDIA Corporation by selling 13,956 shares of the computer hardware maker's stock in the second quarter. The institutional investor now owns 116,352 shares, which represent approximately 4% of Kozak & Associates' portfolio and make it their 12th largest holding.
The company's holdings in NVIDIA were worth $22.99 million as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also recently bought and sold shares of the company, including Lifetime Wealth Management P.C., Longview Financial Advisors Inc., and Inspire Investing LLC.
NVIDIA has been performing well in the market, with a 50-day simple moving average of $205.74 and a one-year high of $236.54. The company's recent earnings report showed a revenue increase of 85.2% compared to the same quarter last year, beating the consensus estimate of $78.42 billion.
NVIDIA has also been in the news for its agreement with major financial firms, including Apollo, BlackRock, and Goldman Sachs, which could reduce funding barriers for data-center construction and stimulate demand for NVIDIA GPUs, networking products, and software. The company's CEO, Jensen Huang, warned that China shifting AI workloads toward Huawei hardware could weaken U.S. chip dominance.